Latest news with #EDF
LeMonde
23 minutes ago
- Business
- LeMonde
How France's far right is betting on cryptocurrencies
Cryptocurrencies emerged in the French public debate less than a decade ago. That has been enough time for the far-right Rassemblement National (RN) party to adopt, as on many other issues, the most contradictory positions. In 2016, Marine Le Pen promised to ban virtual currencies (including bitcoin), which she claimed were promoted by an alliance of the "ruling elite" and the "powerful Wall Street investment banking lobby." In 2022, Le Pen sought to "regulate" them. In 2025, Le Pen is now proposing to produce them. During a visit to the Flamanville nuclear power plant in Normandy on March 11, the three-time presidential candidate expressed her support for using surplus electricity generated by reactors to "mine" bitcoin. The plan would involve installing powerful computers at the sites of French energy giant EDF to perform complex calculations, which, repeated numerous times, would contribute to the secure digital chain, or blockchain, behind the technology, in exchange for payment in newly created bitcoins (currently trading at over €100,000). "It is a secure and extremely profitable solution," said RN lawmaker Aurélien Lopez-Liguori, who was tasked in July with drafting the idea into a bill. "Our logic is the opposite of the Greens. For them, the most environmentally friendly energy is that which is not produced; for us, it is the energy that is not wasted."
Daily Mirror
5 hours ago
- Politics
- Daily Mirror
Millions of UK homes still powered by Russian imports after Ukraine invasion
Critics are calling for action amid fears that UK imports could be used to fund President Vladimir Putin's war in Ukraine - Sizewell B in Suffolk is still using Russian uranium Millions of UK homes are still being supplied with electricity from a nuclear power station fuelled by Russian imports. The Mirror can reveal that Sizewell B in Suffolk continues to use imported uranium from Russia - three years after President Vladimir Putin 's deadly invasion of Ukraine. It comes despite French owner EDF previously indicating it would switch to an alternative source. The company has admitted it could take another three years to end its use of Russian uranium. The discovery comes as the UK government has thrown its weight behind nuclear to help power the UK in the future, partly in an effort to reduce the country's reliance on imports in the wake of Russia's war, which has led to household energy bills soaring. Last week saw the go-ahead given for Sizewell C, a new £38billion nuclear plant that will sit alongside the existing station on the Suffolk coast. Lib Dem defence spokesperson Helen Maguire, said: 'It is incredibly concerning that EDF is still using Russian uranium, despite indicating that they were going to look for an alternative source. Three years on from Putin's full-scale invasion of Ukraine, this is simply unacceptable. 'The Government should do everything in its power to ensure that no UK company is using uranium, liquefied natural gas or any other resources from Russia - and they should also urgently look to address the use of Russian uranium at Sizewell B. The UK must close every possible avenue that could be used to fund Putin's imperialism.' Dr David Lowry, a former member of the independent advisory panel for the Chief UK Nuclear Safety and Security Inspector and a nuclear policy consultant, said: 'It is sheer hypocrisy for energy ministers to say we need new nuclear to stop being dependent on imported Russian energy, when our biggest and newest nuclear plant is fully fuelled by Putin's uranium.' Sizewell B is the UK's newest existing nuclear power station, despite having been completed 30 years ago. It has an operating pressurised water reactor, capable of supplying 2.5 million homes, or around 3% of the UK's entire electricity needs. The plant uses enriched reprocessed uranium sourced from Russia by EDF's fuel supplier Framatome. Sources say Sizewell B is unique in the UK and that Russia is home to the only facility in the world which can prepare the required material. EDF says it has the potential to generate for at least a further 20 years beyond its current end of generation date of 2035. Alison Downes, from the Stop Sizewell C campaign group, claimed the limited sources for uranium called into question the rationale for backing nuclear. "It is a major stumbling block," she said. Estimates vary on how much money Russia is raking from uranium exports. The Royal United Services Institute has pointed to a range of sources showing $2.7billion (£2billion) of enriched uranium imports from Russia in 2023. An EDF spokesperson said: 'EDF remains in full compliance with all sanctions placed by the EU, UK and French Governments, regarding business with Russia. We have removed Russian input to the nuclear fuel supply chain for all UK plants except Sizewell B, due to long term commitments struck years before Russia invaded Ukraine. 'The fuel assemblies we load into our reactor come from our fuel supplier, Framatome, from a facility in western Europe, and the aim is to remove all Russian involvement from Sizewell B's fuel supply chain by 2028. EDF continues to work closely with UK companies, and the government, to create facilities which will be central to the future of the UK and Europe's long term energy infrastructure.' The Department for Energy Security and Net Zero said: 'While the procurement of nuclear fuel, including uranium and enrichment services, is a commercial matter for operators, we have committed to prevent the import of nuclear fuels from Russia by 2030.'
Yahoo
2 days ago
- Business
- Yahoo
EDF power solutions North America Names Amy Lloyd as Chief Financial Officer
SAN DIEGO, July 28, 2025--(BUSINESS WIRE)--EDF power solutions North America is pleased to announce the appointment of Amy Lloyd as Chief Financial Officer (CFO). With an exceptional background in finance, investment, and infrastructure, Amy is a valuable addition to the executive team as the company continues its commitment to driving sustainable energy solutions across North America. Amy brings over two decades of experience in key leadership roles at global organizations, including Barclays, Citigroup Capital Markets, and ACS Infrastructure Development. Her extensive background encompasses originating and executing large-scale structured projects in infrastructure, energy, and real estate, with a focus on green energy and climate-focused financing. Notably, she has been instrumental in advising, lending, and raising over $25 billion in private financing for more than 20 large infrastructure projects worldwide. During her tenure at Barclays, and previously Citigroup, Amy excelled as a financial advisor, strategic M&A banker, and underwriter, delivering innovative financing solutions to public and private clients. Her accomplishments include advising on large-scale M&A, capital raises for battery manufacturing, hyperscale and data center financing, solar energy advisory, and financing sustainable materials manufacturers. Prior to joining Barclays, she held the position of Chief Financial Officer & Head of Finance at ACS Infrastructure Development, where she led strategic equity and finance initiatives, deploying over $5 billion in equity and debt capital across the U.S. and Canadian infrastructure markets. "Amy's comprehensive expertise in project finance, M&A, risk management, and asset optimization, combined with her proven leadership in corporate finance, will be invaluable as we continue to expand our low-carbon energy initiatives," said Tristan Grimbert, President and CEO of EDF power solutions North America. "Her innovative approach to financial strategy and commitment to sustainability align perfectly with EDF power solutions' mission to lead the transition to a sustainable energy future. We are excited to welcome her to our team and look forward to her contributions in advancing our mission." Amy holds a Master of Applied Finance from Macquarie University and dual bachelor's degrees in mathematics and politics from the University of Wollongong, Australia. Her global experience across Australia, North America, Europe, the UK, and the Middle East further enhances her ability to navigate complex financial landscapes and foster strategic partnerships. EDF power solutions North America has been providing clean energy solutions throughout the U.S., Canada, and Mexico since 1987. We are a market-leading independent power producer and service provider, serving utilities, corporations, industries, communities, institutions, and investors with reliable, low-carbon energy solutions that help meet growing demand. From developing and building scalable wind (onshore and offshore), solar, storage (battery and pumped storage hydropower), smart EV charging, microgrids, green hydrogen, and transmission projects to maximizing performance and profitability through skilled operations and maintenance and innovative asset optimization, our teams deliver expert solutions along the entire value chain—from origination to commercial operation. Our portfolio consists of 23 gigawatts of developed projects and 16 gigawatts under service contracts. In Canada, the Company has 2.6 GW of wind and solar power facilities in service or under construction. EDF power solutions is an affiliate of the EDF Group, a world leader in power production. For more information visit: Connect with us on LinkedIn, Instagram, and Facebook. View source version on Contacts EDF power solutions North America Sandi Brinermediarelations@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
2 days ago
- Business
- Business Wire
EDF power solutions North America Names Amy Lloyd as Chief Financial Officer
SAN DIEGO--(BUSINESS WIRE)-- EDF power solutions North America is pleased to announce the appointment of Amy Lloyd as Chief Financial Officer (CFO). With an exceptional background in finance, investment, and infrastructure, Amy is a valuable addition to the executive team as the company continues its commitment to driving sustainable energy solutions across North America. Amy brings over two decades of experience in key leadership roles at global organizations, including Barclays, Citigroup Capital Markets, and ACS Infrastructure Development. Her extensive background encompasses originating and executing large-scale structured projects in infrastructure, energy, and real estate, with a focus on green energy and climate-focused financing. Notably, she has been instrumental in advising, lending, and raising over $25 billion in private financing for more than 20 large infrastructure projects worldwide. During her tenure at Barclays, and previously Citigroup, Amy excelled as a financial advisor, strategic M&A banker, and underwriter, delivering innovative financing solutions to public and private clients. Her accomplishments include advising on large-scale M&A, capital raises for battery manufacturing, hyperscale and data center financing, solar energy advisory, and financing sustainable materials manufacturers. Prior to joining Barclays, she held the position of Chief Financial Officer & Head of Finance at ACS Infrastructure Development, where she led strategic equity and finance initiatives, deploying over $5 billion in equity and debt capital across the U.S. and Canadian infrastructure markets. 'Amy's comprehensive expertise in project finance, M&A, risk management, and asset optimization, combined with her proven leadership in corporate finance, will be invaluable as we continue to expand our low-carbon energy initiatives,' said Tristan Grimbert, President and CEO of EDF power solutions North America. 'Her innovative approach to financial strategy and commitment to sustainability align perfectly with EDF power solutions' mission to lead the transition to a sustainable energy future. We are excited to welcome her to our team and look forward to her contributions in advancing our mission.' Amy holds a Master of Applied Finance from Macquarie University and dual bachelor's degrees in mathematics and politics from the University of Wollongong, Australia. Her global experience across Australia, North America, Europe, the UK, and the Middle East further enhances her ability to navigate complex financial landscapes and foster strategic partnerships. EDF power solutions North America has been providing clean energy solutions throughout the U.S., Canada, and Mexico since 1987. We are a market-leading independent power producer and service provider, serving utilities, corporations, industries, communities, institutions, and investors with reliable, low-carbon energy solutions that help meet growing demand. From developing and building scalable wind (onshore and offshore), solar, storage (battery and pumped storage hydropower), smart EV charging, microgrids, green hydrogen, and transmission projects to maximizing performance and profitability through skilled operations and maintenance and innovative asset optimization, our teams deliver expert solutions along the entire value chain—from origination to commercial operation. Our portfolio consists of 23 gigawatts of developed projects and 16 gigawatts under service contracts. In Canada, the Company has 2.6 GW of wind and solar power facilities in service or under construction. EDF power solutions is an affiliate of the EDF Group, a world leader in power production. For more information visit: Connect with us on LinkedIn, Instagram, and Facebook.
Zawya
2 days ago
- Business
- Zawya
Emerge, Misk City sign landmark solar agreement to power vision for green urban future
Emerge, the energy solutions joint venture between Masdar and EDF power solutions, has signed a long-term solar energy agreement with Misk City to deliver sustainable electricity over the next 20 years, marking a milestone in the City's journey to becoming a model of environmental innovation and green urbanism. The signing ceremony was held in Riyadh at Misk City and attended by David Henry, CEO of Misk City, Omar AlDaweesh, Emerge board member, Michel Abi Saab, General Manager of Emerge, and Samuel Ménard, Economic Counsellor and Anouar Mekkas, Nuclear and Renewable Energy Advisor at the French Embassy in Riyadh. The agreement will see the development of a 621-kilowatt peak (kWp) rooftop solar photovoltaic (PV) plant atop a dedicated carport structure and other assets within Misk City, located in the northwest of Riyadh. Once operational, the system is expected to significantly reduce the city's CO₂ footprint, contributing significantly to Misk City's ambition of achieving a higher level of environmental performance through LEED (Leadership in Energy and Environmental Design) certification and establishing itself as one of the region's most advanced green urban communities. Misk City is the world's first nonprofit city of its kind, a pioneering urban model that reflects the Kingdom's ambition to cultivate knowledge, creativity, and sustainable development in alignment with Vision 2030. Designed to integrate innovation, education, and sustainability, Misk City offers a dynamic, human-centered environment that attracts talent and fosters entrepreneurship and creativity. It serves as a regional hub for education, digital media, culture, and the arts, strategically positioned as a leading platform for both local and international institutions. With sustainability at its core, Misk City is committed to setting new benchmarks in green urbanism. From renewable energy integration and utilising green schemes, to fostering walkability urban context and smart mobility solutions, the City reflects a holistic approach to an outstanding urban development. Building on a framework agreement signed earlier this year, the partnership reflects both entities' shared commitment to decarbonisation, energy innovation, and sustainable urban transformation. Emerge will undertake the full development and delivery of the project, including engineering and design, financing, procurement, construction, operations and maintenance. David Henry, CEO of Misk City, said, 'From the very beginning, Misk City has been envisioned as a forward-looking, sustainable urban community – designed to empower future generations and lead by example in innovation and environmental responsibility. Integrating clean energy into our infrastructure is a natural extension of that vision. This project marks a meaningful step in advancing our sustainability goals, reinforcing our commitment to building a city that thrives in harmony with its environment.' Omar AlDaweesh, Emerge board member and CEO for Saudi Arabia and Bahrain, EDF Group and EDF power solutions, said, 'This partnership is a testament to the growing momentum for clean energy adoption in the Kingdom. By supporting Misk City's pioneering sustainability goals, Emerge is proud to be contributing to a new urban narrative, one where innovation and environmental responsibility go hand in hand. Emerge's holistic, turnkey model removes complexity and accelerates the transition to clean power for clients across the region.' Ali Alshimmari, Emerge board member and Director, Strategic & Special Projects, Masdar, said, 'At Emerge, every project we deliver is tailored to the unique needs and ambitions of our partner. This agreement with Misk City exemplifies our commitment to supporting clean energy transformation through fully customised energy solutions. By drawing on the global expertise of Masdar and the EDF Group, we ensure world-class quality and innovation at every stage – from design and financing to construction and long-term operations.'
